Tag Archives: ty


CSX settles case over alleged fund violations

CNNMoney.com - Railroad CSX Corp. said Wednesday it has settled a case of alleged securities law violations with two activist shareholder hedge funds. If the settlement is approved by a federal court, CSX will receive $10 million from TCI, which manages […]

Citadel to cover operating expenses

Chicago Tribune – Citadel Investment Group is covering "a substantial portion" of its operating expenses this year, a break from passing those costs on to clients, Katie Spring, a spokeswoman for the Chicago-based hedge fund, said Thursday. "We felt it […]

Soros, Falcone Defend Hedge Funds at House Hearing

Bloomberg – Hedge-fund managers including George Soros and Philip Falcone, in an unprecedented appearance before Congress, defended their practices and profits while splitting over whether the U.S. should impose stricter regulations. "This is not a case where management takes huge […]

Hedge funds navigate maze of redemptions

Wealth Bulletin – Millionaire hedge fund manager Andrew Lahde might have got it right. The man whose valediction last month to his industry peers announced that “with all due respect, I am dropping out”, left the industry while the going […]

World’s biggest listed hedge fund manager Man Group sees profits slide

Daily Mail – Man Group, the world’s biggest listed hedge fund manager, saw profits slide 24 per cent in the last six months as its managed funds fell and fee income dwindled. It took $107million (£67.4million) hit on upfront commissions […]

Salus Alpha offers a fund based on hedge fund index to investors

West Palm Beach (HedgeCo.net) – Because of investors’ demand Salus Alpha decided to make the Salus Alpha Directional Market accessible as a fund. This way Salus Alpha continues to launch tracker funds for all hedge fund indices launched by Alternative-Index […]

RAB Capital Halts Redemptions on Second Fund This Year

New York (HedgeCo.Net) – One month after RAB was forced to revamp their flagship fund, the British hedge fund is halting redemptions on their Energy Fund. After losing more than 50% of its value this year, RAB has informed investors […]

MetLife: Death by hedge funds

BloggingStocks – MetLife, Inc., which is the largest life insurer in the U.S., got its start 140 years ago. But the recent couple weeks may have been the toughest as the stock price has plunged. It seems MetLife’s woes have […]

Tyser, Horseman Show Investors Not All Hedge Funds Are Losers

Bloomberg – Harry Tyser, manager of the $100 million New Star Firefly Hedge Fund in London, was still trading while being wheeled into the operating room for kidney- stone surgery. “It’s life and death out there right now,” said Tyser, […]

Icap slumps as barometer reflects banks troubles

Times Online – Some called it chutzpah. Some were more charitable, describing it as an exercise in putting on a brave face. Whatever it was, Michael Spencer’s claim that it was business as usual at Icap, when that company handles […]

Gulf firms shy away from US distressed assets

Emirates Business 24/7 – Cheap they may be, but not all cash-rich Gulf investors are up for buying distressed assets in the US. Such a move historically was a good way to make a profit. A good fund manager can […]

Hedge Funds’ Capital Idea: Fee Cuts

Wall Street Journal – In another sign of the changing power dynamics between hedge funds and their investors, funds are offering to cut fees if investors agree to stay put. Camulos Capital LP in a letter last week asked its […]

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